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20121120
20121120
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the purchase of a british company. we will have all of the details. good morning. thanks for being with us. i am marla tellez. >> i'm jon kelley. hp hitting investors with shock treatment claiming it was a victim of financial fraud. it says it was fooled into buying a british company last year which was a mistake for $11 billion. according to scott mcgrew, it was the not just a mistake, but a disaster. you have had a couple of hours to digest it. how ugly is it? >> it will be talked about in business schools for years. it will be hard to imagine that if these allegations are true, there will not be some sort of criminal charges. during a routine financial flying, hp said the company it bought last fall deliberately hid how much profit and someone cooked the books. it is an incredibly serious allegation. hp has launched an investigation of what it calls forensic accounting and notified the u.s. government. >> we believe there is a willful effort on the part of autonomy management to mislead shareholders and mislead potential buyers, including hp. we stand by the review that we have seen. as yo
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